If you’re wondering how to buy Dogecoin in the UK, my guide is your solution.

It simplifies the purchasing process for beginners, highlighting the best, FCA-compliant platforms.

Learn quickly and easily how to invest in Dogecoin, whether for the first time or to diversify your portfolio.

Short answer: how to buy Dogecoin in the UK? To buy Dogecoin in the UK, start by registering on a cryptocurrency exchange that lists DOGE and accepts UK customers. Complete the required identity verification, then deposit GBP via bank transfer, credit card, or other supported methods. Once your account is funded, you can buy Dogecoin through the exchange’s trading platform.

How to Buy Dogecoin in the UK

You can buy Dogecoin in the UK from crypto exchanges such as eToro, Uphold, and Coinbase.

If you’re wondering how to invest in Dogecoin for the first time, the following four steps can get you started:

1. Select a cryptocurrency exchange: Start by choosing an exchange to buy Dogecoin, focusing on factors like low transaction fees, user-friendly interface, and reliable customer support.
2. Register for an account registration: Sign up for an account on the chosen exchange. You’ll need to confirm your email address and complete identity verification, so have your photo ID and phone handy.
3. Deposit your funds: After verification, deposit money into your account. Most exchanges accept various payment methods including cryptocurrency, bank transfers, and card payments.
4. Buy Dogecoin: With your account funded, you can now buy Dogecoin. This typically involves entering the amount you wish to buy and clicking on the “Buy” button. After purchasing, you have the option to transfer your Dogecoin to a personal wallet for safekeeping.

What is the current price of Dogecoin?

The current live price of Dogecoin (DOGE) in GBP and its price over the last 30 days:

Best Place to Buy Dogecoin Compared for UK Investors

Here I’ve compared the best sites to purchase Dogecoin in the UK based on four key factors you must consider and compare:

Rank	Crypto exchange	Fees to Buy Dogecoin	Deposit fees	Number of Crypto	GBP Deposit Methods
1	eToro	1% + market spread	0.5%	90+	Bank transfer, debit card, Neteller, Skrill, eToro Money
2	Uphold	1% trading fee & 1% spread fee	Debit card fee of 3.99%	250+	Bank transfer (ACH), debit card, Apple Pay, Google Pay
3	Coinbase	1% commission + 0.5% spread fee	Debit card fee of 3.99%	250+	Bank transfer, credit card, cryptocurrency, debit card, PayPal
4	Kraken	From 0.26%	£1 fee on bank transfers	230+	Bank transfer, credit card, cryptocurrency, debit card, Apple Pay, Google Pay, SWIFT
5	Revolut	1.49%	2.5%	80+	Bank transfer, credit card, cryptocurrency, debit card, Apple Pay, Google Pay, SWIFT

Where to Buy Dogecoin UK? Reviews of the Best Places

Crypto is moving fast in the UK, here are some statistics that highlight the movement.

• As of 2023, nearly 4.97 million people in the UK hold some form of crypto asset, which is nearly 10% of the population¹.
• The revenue in the cryptocurrency market in the UK is projected to reach US$1.89bn in 2023, with an annual growth rate of 18.84%².
• Almost 500 businesses in the UK accept cryptocurrency as a payment method³.

As you can see, crypto (including Dogecoin) is gaining traction in the UK and reshaping the financial scene daily⁴.

The complexities put many people off, but I’m here to shine some light on it and help UK investors choose the best way to buy Dogecoin for them.

Having worked in the retail investment & crypto sector in London over the last four years, I had the opportunity to experience the rise in cryptocurrency first-hand.

Additionally, in my role working for one of the UK’s leading financial companies, “a trustworthy and respected provider of news, education and market analysis for the everyday investor”, I was able to work with and test some of the biggest cryptocurrency exchanges and platforms on the market.

Using my experience in this field, I’ve compiled a list of the best places to invest in Dogecoin based on four key criteria:

1. Fees to buy Dogecoin (as a base fee)
2. Deposit fees
3. Number of cryptos available
4. GBP deposit methods

Factors such as usability, education materials, and additional features were also considered.

All the platforms I’ve reviewed below are regulated by the UK’s financial watchdog, the Financial Conduct Authority (FCA), and have apps available on Android and iOS.

1. eToro – Overall best place to buy Dogecoin UK

Don’t invest unless you’re prepared to lose all the money you invest.

eToro is a highly recommended platform for buying Dogecoin in the UK, known for its user-friendly interface that simulates the excitement of a busy trading floor.

This platform facilitates the buying, selling, and trading of various cryptocurrencies, including Dogecoin. Being regulated by the UK’s Financial Conduct Authority (FCA), eToro offers a secure environment for your investments.

One of its notable features is the CopyTrader tool, which allows you to replicate the trading strategies of experienced traders, enhancing your potential for profitable trades.

eToro also provides a range of payment options, including bank transfers, debit cards, and e-wallets, making it convenient to deposit funds and start trading Dogecoin.

If you’re in the UK and seeking a dependable and user-friendly platform to buy Dogecoin, eToro is a solid choice.

Finally, it’s worth noting that as of 2023, eToro announced that they reached 30 million registered users worldwide⁵.

On top of this, they have an ‘Excellent’ rating on Trustpilot (which is quite rare for crypto exchanges), with over 18,000 reviews.

Read my complete eToro review.

Key rating criteria:

Fees to buy Dogecoin	Deposit fees	Number of crypto	GBP deposit methods
1% + market spread	0.5%	90+	Bank transfer, debit card, Neteller, Skrill, eToro Money

2. Uphold – Best DOGE exchange for a large selection of other altcoins

Uphold presents itself as a dependable and easy-to-use choice for buying Dogecoin in the UK.

It provides a hassle-free experience for purchasing Dogecoin, supporting a variety of payment methods such as bank transfers, debit/credit cards, and even other cryptocurrencies. This versatility makes it straightforward for UK residents to start investing in Dogecoin.

A significant advantage of using Uphold is its cost-effective pricing structure, offering some of the industry’s most competitive fees for Dogecoin purchases.

Security is a top priority on Uphold, with transactions safeguarded through a secure payment system and users’ information and funds protected by robust security layers.

Uphold’s reputation as a reliable and efficient platform is well-established, backed by a history of satisfactory service to its users.

For those in the UK seeking a trustworthy and user-friendly platform to buy Dogecoin, Uphold is an excellent option worth exploring.

Read my complete Uphold review.

Key rating criteria:

Fees to buy Dogecoin	Deposit fees	Number of crypto	GBP deposit methods
1% trading fee & 1% spread fee	Debit card fee of 3.99%	250+	Bank transfer (ACH), debit card, Apple Pay, Google Pay

3. Coinbase – Beginner-friendly place to buy Dogecoin in the UK

Coinbase is a top platform for buying Dogecoin in the UK, equipped with various features and tools to efficiently manage your Dogecoin investments.

It allows you to set up price alerts for Dogecoin, keeping you informed about optimal buying or selling times.

Coinbase is also known for its high-security standards, including two-factor authentication and cold storage options, ensuring your Dogecoin investments are well-protected against cyber threats.

An added benefit is that Coinbase provides insurance coverage for user funds, offering another layer of security for your Dogecoin assets.

In summary, Coinbase is a dependable and easy-to-use platform for purchasing, selling, and securely storing Dogecoin in the UK.

Read my complete Coinbase review.

Key rating criteria:

Fees to buy Dogecoin	Deposit fees	Number of crypto	GBP deposit methods
1% commission + 0.5% spread fee	Debit card fee of 3.99%	250+	Bank transfer, credit card, cryptocurrency, debit card, PayPal

4. Kraken – Cheapest way to buy Dogecoin UK

Kraken is a top choice for investing in Dogecoin in the UK, suitable for both regular traders and those new to cryptocurrency.

Founded close to Bitcoin’s inception, Kraken boasts a wide range of 237 cryptocurrencies. It’s recognised for its easy-to-use mobile apps, extensive educational content, and ongoing customer support, offering a user-friendly experience for new traders.

Kraken Pro caters to advanced users with a comprehensive trading interface, low fees, high liquidity, and effective risk management tools. The exchange’s fees are competitive, varying from 0.16% to 2%, making it a cost-efficient choice for active traders.

Kraken also offers staking rewards for cryptocurrencies, with potential annual returns of up to 24%, though these rates can change. The platform values transparency, regularly conducting proof of reserves audits for user reassurance.

Signing up with Kraken is free, and the minimum trade value starts at $10. The fees adjust based on order size and type, accommodating a variety of trading approaches and volumes.

In summary, Kraken excels in providing an accessible platform for beginners and a detailed interface for experts, all while ensuring strong security and transparent fees.

Key rating criteria:

Fees to buy Dogecoin	Deposit fees	Number of crypto	GBP deposit methods
From 0.26%	£1 fee on bank transfers	230+	Bank transfer, credit card, cryptocurrency, debit card, Apple Pay, Google Pay, SWIFT

5. Revolut – Best if you want your mobile banking & Dogecoin in one place

Revolut offers a seamless choice for buying Dogecoin in the UK, particularly for those who value the convenience of managing banking and cryptocurrency from a single app.

This British fintech company has integrated a crypto exchange feature into its online banking app, offering the ability to buy, hold, and sell an array of 80 cryptocurrencies swiftly.

With Revolut, once you’ve set up your account and added funds, you can start investing in cryptocurrencies immediately.

Though its fees may be higher than specialised crypto exchanges, the ease of use could justify the cost for users who prefer an all-in-one financial solution.

Revolut also offers additional perks such as sending crypto to friends, staking options with competitive APYs, earning free tokens through quizzes, making payments with crypto via your card, and rounding up transactions to invest spare change into crypto.

For those prioritising a user-friendly platform that simplifies the Dogecoin investment process, Revolut presents a compelling choice.

Read my complete Revolut review.

Key rating criteria:

Fees to buy Dogecoin	Deposit fees	Number of crypto	GBP deposit methods
1.49%	2.5%	80+	Bank transfer, credit card, cryptocurrency, debit card, Apple Pay, Google Pay, SWIFT

How to Buy Dogecoin UK – Step-by-Step Guide

To buy Dogecoin in the UK, you can follow these steps:

1. Choose a cryptocurrency exchange: Select a reputable cryptocurrency exchange that supports Dogecoin and accepts users from the UK. Popular options include eToro, Uphold, and Coinbase.
2. Sign up and verify your account: Create an account on the chosen exchange and complete the necessary verification process. This typically involves providing identification documents to comply with Know Your Customer (KYC) regulations.
3. Deposit funds: Deposit funds into your exchange account using the available payment methods, such as bank transfers or debit/credit cards. Make sure to check the deposit options offered by the exchange.
4. Locate Dogecoin trading pair: Once your account is funded, navigate to the trading section of the exchange platform and search for the Dogecoin trading pair. For example, you may find DOGE/GBP or DOGE/BTC.
5. Place an order: Specify the amount of Dogecoin you want to buy and review the order details, including the price and any applicable fees. You can choose between market orders (instant purchase at the current market price) or limit orders (buy at a specific price).
6. Execute the trade: Once you are satisfied with the order details, execute the trade. The exchange will process your order, and if the market conditions are met, you will become the owner of the purchased Dogecoin.
7. Secure your Dogecoin: Consider transferring your Dogecoin to a personal digital wallet that you control. This provides added security and allows you to have full control over your coins. Choose a reputable Dogecoin wallet and follow the instructions to set it up.

What Is Dogecoin?

Dogecoin is a digital cryptocurrency that was created in December 2013 as a fun and light-hearted project. It is based on the popular “Doge” internet meme featuring a Shiba Inu dog. 

The creators, Billy Markus and Jackson Palmer, developed Dogecoin intending to create a cryptocurrency that would appeal to a broader audience and foster a friendly and generous community.

Technically, Dogecoin is built on the same decentralised and secure blockchain technology as other cryptocurrencies like Bitcoin.

It uses a proof-of-work consensus algorithm, similar to Bitcoin’s, to validate transactions and maintain the integrity of the network. 

However, Dogecoin operates on a scrypt algorithm, which differentiates it from Bitcoin’s SHA-256 algorithm.

One notable characteristic of Dogecoin is its inflationary supply. Unlike Bitcoin, which has a limited supply capped at 21 million coins, Dogecoin does not have a maximum supply limit. 

Instead, an infinite number of Dogecoins can be mined and introduced into circulation each year. Initially, the creators chose this approach to encourage wider distribution and accessibility of the currency.

Dogecoin gained popularity due to its engaging and active community, often known for its philanthropic efforts. 

The community has initiated various charitable campaigns and fundraisers, using Dogecoin to support causes like disaster relief, educational initiatives, and humanitarian projects.

While Dogecoin started as a meme and a novelty, it has gained widespread recognition and acceptance as a legitimate digital asset. It has attracted a significant following, including individual investors, traders, and even celebrities. 

The rise in popularity of Dogecoin has led to increased market liquidity and availability on various cryptocurrency exchanges.

It’s important to note that, like any investment in cryptocurrencies, Dogecoin carries risks. Its value can be highly volatile, and its price is subject to market speculation and sentiment. 

Therefore, individuals interested in Dogecoin should carefully assess the associated risks and consider their financial circumstances before engaging in any transactions or investments.

Commonly Asked Questions About Dogecoin

Is Dogecoin safe?

The safety of Dogecoin, or any cryptocurrency, depends on various factors, and it’s essential to consider them before making any investment or engaging in transactions.

Here are a few key points to consider regarding the safety of Dogecoin:

1. Blockchain Technology: Dogecoin operates on a blockchain, which is a secure and decentralised system. The blockchain provides transparency and immutability to transactions, making it difficult for malicious actors to manipulate the ledger. However, it’s worth noting that no system is entirely foolproof, and vulnerabilities can exist in the underlying technology.
2. Market Volatility: Dogecoin, like many cryptocurrencies, is known for its price volatility. The value of Dogecoin can fluctuate significantly within short periods, which can pose risks to investors. It’s important to be aware of this volatility and consider it when making investment decisions.
3. Security Practices: The safety of your Dogecoin holdings also depends on your security practices. It’s crucial to employ strong security measures such as using secure wallets, enabling two-factor authentication, and keeping your private keys secure. By following best practices, you can minimise the risk of unauthorised access to your Dogecoin.
4. Scams and Fraud: As with any popular cryptocurrency, Dogecoin has attracted scammers and fraudulent schemes. It’s important to be cautious of phishing attempts, fake investment opportunities, and unreliable platforms. Always verify the legitimacy of any service or platform before providing personal information or making financial transactions.
5. Regulatory Considerations: Cryptocurrency regulations vary across jurisdictions. Before engaging in Dogecoin-related activities, it’s important to understand the legal and regulatory framework in your country. Compliance with applicable laws can contribute to a safer and more secure environment for using Dogecoin.

Although Dogecoin operates on a secure blockchain and offers certain safety features, it’s important to exercise caution, stay informed, and implement proper security measures to protect your investments.

Conduct thorough research, stay updated with the latest news and developments, and consider consulting with financial professionals before making any investment decisions involving Dogecoin or any other cryptocurrency.

What makes Dogecoin unique?

Dogecoin is unique due to its origin as a lighthearted and meme-inspired cryptocurrency, its active community, and its association with online generosity and tipping culture. 

It has gained attention for its humorous nature and has developed a strong online following, setting it apart from other cryptocurrencies.

Is Dogecoin legal in the UK?

Yes, Dogecoin and other cryptocurrencies are legal in the UK. The UK government recognises cryptocurrencies as property, and they are subject to existing laws and regulations.

The Financial Conduct Authority (FCA), the regulatory body responsible for overseeing financial activities in the UK, has implemented regulations to combat money laundering and ensure consumer protection in the cryptocurrency space.

Cryptocurrency exchanges and service providers in the UK must comply with these regulations, including Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.

It’s important to note that the legal status and regulatory environment surrounding cryptocurrencies can vary from country to country.

Even though cryptocurrencies are legal in the UK, it’s vital to stay updated on any changes in regulations and consult with legal and financial professionals for specific guidance related to your situation.

Can I buy Dogecoin with GBP?

Yes, you can buy Dogecoin (DOGE) with Great British Pounds (GBP). Many cryptocurrency exchanges that operate in the UK, such as Coinbase, Binance, and eToro, support GBP transactions.

You can deposit GBP into your account on these platforms using various payment methods like bank transfers, credit/debit cards, or e-wallets, and then use the funds to purchase Dogecoin directly. Always ensure to use a reputable and secure exchange for your transactions.

Is Dogecoin a good investment?

Whether Dogecoin is a good investment depends on various factors and personal investment goals.

Here are some points to consider:

1. Volatility: Dogecoin, like many cryptocurrencies, is known for its high volatility. This can lead to significant price swings, offering potentially high returns but also high risk.
2. Market Sentiment: Dogecoin has a strong community and popular support, often influenced by social media and prominent figures. Its value can be heavily affected by public sentiment and endorsements.
3. Speculative Nature: Dogecoin started as a meme and lacks some of the foundational technology and utility seen in other cryptocurrencies. Its value is often driven more by speculation than by technical or fundamental factors.
4. Diversification: As part of a diversified portfolio, Dogecoin can offer an alternative investment to traditional assets, but it should not be the sole focus of your investment strategy.
5. Long-Term Viability: Consider the long-term potential and stability of Dogecoin, especially in comparison to other cryptocurrencies with more defined use cases.
6. Risk Tolerance and Research: Evaluate your risk tolerance and conduct thorough research before investing. It’s crucial to invest only what you can afford to lose, given the high risk involved.

While Dogecoin may offer the potential for high returns, it comes with significant risks and uncertainties. It’s important to approach it as a speculative investment and part of a balanced portfolio.

What is Dogecoin trading?

Dogecoin trading refers to the buying and selling of Dogecoin, a cryptocurrency, on various cryptocurrency exchanges. Trading involves speculating on the price movements of Dogecoin to make a profit. 

Traders can take advantage of the price volatility of Dogecoin by buying it at a lower price and selling it at a higher price.

Cryptocurrency exchanges provide a platform for users to trade Dogecoin by placing buy or sell orders. Traders can use different trading strategies, such as day trading, swing trading, or long-term investing, depending on their preferences and goals. 

They may also utilise various technical analysis tools, charts, and indicators to analyse price patterns and make informed trading decisions. 

Traders should be aware of transaction fees, liquidity, and security considerations when engaging in Dogecoin trading.

What happens after I buy Dogecoin?

After you buy Dogecoin, the cryptocurrency is typically transferred to a digital wallet that you control. Here’s a general outline of what happens after you purchase Dogecoin:

1. Choose a digital wallet: Select a secure digital wallet that supports Dogecoin. There are various types of wallets available, including software wallets (desktop or mobile applications), online/web wallets, and hardware wallets (physical devices).

2. Create a wallet: Set up your chosen wallet by following the instructions provided. This usually involves creating a wallet address, which is a unique identifier for your wallet.

3. Purchase Dogecoin: Use a cryptocurrency exchange that supports Dogecoin trading to buy the desired amount of Dogecoin. 

The specific process may vary depending on the exchange, but generally, you would deposit funds (such as GBP or other cryptocurrencies) into your exchange account and then use those funds to buy Dogecoin at the current market price.

4. Withdraw to your wallet: Once the Dogecoin purchase is completed on the exchange, you can initiate a withdrawal to your digital wallet. Provide your wallet address during the withdrawal process, and the purchased Dogecoin will be transferred from the exchange to your wallet.

5. Secure your wallet: It’s crucial to take steps to secure your digital wallet. This includes safeguarding your wallet’s private keys or seed phrase, using two-factor authentication if available, and keeping your wallet software or hardware updated.

6. Manage and use your Dogecoin: With Dogecoin in your wallet, you have control over its management and usage. You can choose to hold it as an investment, spend it at merchants that accept Dogecoin, or send it to others as a form of payment or tip.

Remember to stay informed about best practices for wallet security, and be cautious of potential phishing attempts or scams that target cryptocurrency holders.

Note that the specific process may vary depending on the exchange and wallet you choose, so it’s advisable to follow the instructions provided by the respective platforms during each step of the buying and wallet setup process.

Is Dogecoin taxed in the UK?

Yes, Dogecoin and other cryptocurrencies are subject to taxation in the UK. The UK tax authority, HM Revenue & Customs (HMRC), treats cryptocurrencies like Dogecoin as taxable assets rather than currencies.

The tax treatment can vary depending on the specific activities involving Dogecoin, such as buying, selling, mining, or receiving it as payment.

Here are some key points to consider regarding Dogecoin taxation in the UK:

Capital Gains Tax: When you sell or dispose of Dogecoin, any capital gains made may be subject to Capital Gains Tax. The tax is calculated based on the difference between the acquisition cost and the disposal proceeds.

Income Tax: If you receive Dogecoin as payment for goods or services or receive mining rewards, it may be subject to Income Tax. The value of Dogecoin received should be converted to the equivalent fiat currency value at the time of receipt for tax purposes.

Trading and Speculative Activity: If you are actively trading Dogecoin as a business or engaging in speculative activities, profits and losses from such activities may be subject to Income Tax or Corporation Tax.

Record-Keeping and Reporting: It’s important to maintain accurate records of Dogecoin transactions, including dates, values, and any associated costs. These records will be crucial for calculating tax liabilities and reporting them to HMRC.

Professional Advice: Due to the complex nature of cryptocurrency taxation, it’s advisable to consult with a qualified tax professional or accountant who is knowledgeable in cryptocurrencies to ensure compliance with tax regulations.

It’s important to note that tax laws and regulations are subject to change, and it’s recommended to stay updated with the latest guidance from HMRC or seek professional advice to understand your specific tax obligations related to Dogecoin in the UK.

How do I sell my Dogecoin for cash?

To sell your Dogecoin for cash, follow these steps:

1. Choose a Cryptocurrency Exchange: Select a reputable exchange that supports Dogecoin and offers the option to withdraw funds in your desired currency, like USD, EUR, or GBP.
2. Transfer Dogecoin: Transfer your Dogecoin from your wallet to your exchange account. Make sure to use the correct deposit address.
3. Sell Dogecoin: Once your Dogecoin is in the exchange, sell it for the available fiat currency (like USD, EUR, GBP) based on the current market rate.
4. Withdraw Cash: After the sale, withdraw the fiat currency to your linked bank account. Note that withdrawal methods and fees vary depending on the exchange.

Remember, each transaction might incur fees, and withdrawal times can vary. It’s also important to consider the tax implications of selling cryptocurrencies in your country.

Final Thoughts

Buying Dogecoin in the UK is accessible and straightforward. By following a few simple steps, you can join the Dogecoin community and start investing in this popular cryptocurrency. 

Choose a reputable cryptocurrency exchange that supports Dogecoin trading, set up a secure digital wallet, deposit funds, make your purchase, and transfer your Dogecoin to your wallet. 

Remember to stay informed, practice good security measures, and consider professional advice before making any investment decisions.

FAQs

You may also like:

• Best crypto exchange UK
• Best crypto wallet UK
• How to buy Bitcoin UK
• How to buy Ethereum UK
• How to invest in cryptocurrency UK

Sources:

1. https://www.fca.org.uk/publication/research-notes/research-note-cryptoasset-consumer-research-2023-wave4.pdf ↩︎
2. https://www.statista.com/outlook/dmo/fintech/digital-assets/cryptocurrencies/united-kingdom ↩︎
3. https://uk.style.yahoo.com/most-popular-cryptocurrency-2021-uk-093057693.html ↩︎
4. https://www.cam.ac.uk/research/news/study-highlights-growing-significance-of-cryptocurrencies ↩︎
5. https://www.statista.com/statistics/1262787/etoro-registered-users/ ↩︎